Ultra-High Performance (UHP) Tire Market is expected to reach a revenue of ~US$ 23.32 Billion by 2031

The global Ultra-High Performance (UHP) Tire Market is projected to reach a valuation of US$ 10.41 Billion in 2021. Increasing demand for high performance vehicles in the automotive sports sector is expected to push sales of UHP tires at 10.9% CAGR, with the market valuation reaching US$ 23.32 Billion by 2031.

Rapid expansion of the automotive sector is resulting increasing sales of sports cars, SUVs, and light trucks across the globe. These vehicles are expected to offer optimal performance in all weather conditions, which in turn is spurring demand for ultra-high performance tires.

Besides this, shifting consumer preference towards high performance automotive components backed by rising disposable income is creating lucrative growth prospects for UHP tires market players.

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As per FMI’s regional analysis, the U.S. is anticipated to dominate the North America UHP tires market. Growth can be attributed to strong presence of key automotive players in the U.S., along with rapid adoption of new technologies to manufacture more efficient and durable tires. These trends will continue augmenting growth of the UHP tires in North America over the assessment period.

“Rising popularity of automotive racing sports such as Formula one, coupled with increasing replacement and repair of vehicle parts through aftermarket, will continue augmenting growth of the global UHP tires market through 2031,” says an FMI analyst.

Key Takeaways:

  • By tire type, all-season tires are expected to account for more than half of total UHP tires market share in 2021.
  • Sales of UHP tires in the sports car segment are anticipated to hold nearly 57% of the total UHP tires market share in 2021.
  • The replacement/aftermarket segment is projected to account for more than three-quarter of the total UHP market share in 2031.
  • The U.S. is anticipated to hold a dominant share of 81.5% of the North America UHP tires market in 2021.
  • China will emerge as a lucrative market, creating an incremental opportunity of US$ 1 Bn in 2031.
  • Germany is projected to account for 17.9% of the Europe UHP tires market share in 2031.
  • Japan and South Korea will hold 43.5% and 26.0% of the global UHP tires market share respectively.

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Competitive Landscape

Leading players operating in the global UHP tires market include Continental AG, Goodyear Tire & Rubber Company, Michelin Group, Pirelli & C. S.p.A., Bridgestone, KUMHO TIRE Co., Inc. , Yokohama Rubber Co., Ltd, Nankang Rubber Tire Corp., Ltd. , HANKOOK TIRE & TECHNOLOGY Co., Ltd., Toyo Tires and others.

To gain a competitive edge in the market, players are focusing on research and development to launch new variants of UHP tires. Apart from this, players are investing in strategic collaborations, mergers and acquisitions to expand their global footprint. For instance:

  • Michelin is launching a new generation of four-season tires. The new MICHELIN CrossClimate 2 tire stands out through its excellent mileage performance and its ability to maintain a high level of performance from the first kilometer to the last, i.e. all the way down to the legal minimum tread depth. It illustrates Michelin’s commitment to designing tires that offer a very high level of performance throughout their life and right up to their end of life.
  • Yokohama Tire’s long, successful history with Porsche Motorsport North America (PMNA) continues. Yokohama and PMNA announced a new racing series and partnership with the United States Auto Club (USAC). Yokohama will be the official tire partner and presenting sponsor for the USAC-sanctioned 2021 Porsche Sprint Challenge North America by Yokohama.

Ultra-High Performance (UHP) Tires Markey by Category

By Tire Type:

  • Summer
  • Winter
  • All-Season

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By Vehicle Type:

  • Sports Car
  • SUV/MUV
  • Light Trucks

By Sales Channel:

  • OEM
  • Replacement/Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Automotive ECU Market to surpass US$ 22.8 billion by 2033, Says Future Market Insights, Inc.

The automotive ECU market is expected to record a CAGR of 4.7% during the forecast period. The market is anticipated to cross a market share of US$ 22.8 billion by 2033, while it holds a revenue of US$ 14.4 billion in 2023.

The demand for automotive ECU rises with the increasing safety norms, rising sales of passenger cars, and increasing per capita income. Furthermore, the business growth of the automotive industry has also pushed vendors to adopt ECU systems for the advanced vehicles. The advent of AI and Machine Learning and its integration with ECU circuits delivers ease to the passenger and gives access to a wide number of applications from cooling to engine and cruise control.

Connecting the car control system to the smartphone with the help of an app that enhances the driving experience along with the ECU connect interface. The improved ECUs have also expanded the market.

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Key Points

The Chinese market for automotive ECU holds the biggest market share and is expected to cross the biggest anticipated values of US$ 5.7 Bn by 2033 with a CAGR of 5.4%. The growth rate is rising for the Chinese market as the market thrived at a lower CAGR of 3.0% between 2017 and 2022.

The Indian market for automotive ECU thrives at the highest CAGR of 6.6% during the forecast period while expecting revenue of US$ 895.9 Mn by 2033. The regional market flourished at an extremely lower CAGR of 0.7% during the previous forecast period.

The research report of FMI states that the gasoline ECU segment continues to lead the product type category with a CAGR of 5.3% between 2023 and 2033. The growth is attributed to the higher number of passenger car sales.

Based on the sales channel, the OEM segment thrives at a CAGR of 5.7% between 2023 and 2033 due to the higher amount of customer trust and better implementation.

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Competitive Landscape

The major players in the automotive ECU market focus on creating machines and software that save a higher amount of fuel and provide a healthy equation to the engine. Automotive ECU manufacturers are setting up collaborations with other companies and launching new products in the ECU market.

The market has been described as consolidated. Some of the leading market participants included in this report are:

Continental AG, Denso Corporation, Garmin Ltd., Harman International, Infineon Technologies AG, Robert Bosch GmbH, Delphi Technologies, Mitsubishi Electric Corporation, Johnson Electric Holdings Limited, Texas Instruments Incorporated, Panasonic, Aptiv, Verizon, Intel Corporation, Renesas Electronics Corporation, Microsoft Corporation, Kontron AG, ARM Limited, Fujitsu Limited, Microchip Technology Inc., Xilinx, STMicroelectronics, Sierra Wireless,, Zhuhai ENPOWER Electric Co., Intellias Ltd,, HYUNDAI MOBIS, Lear, Hitachi Astemo, Ltd., Marelli Holdings Co., Ltd., BorgWarner Inc.

For instance:

  • In October 2021, BorgWarner Inc. purchased Delphi Technologies. BorgWarner’s power electronic products, and electronic control unit will be strengthened as a result of the acquisition.
  • In February 2021, Magna announced to launch of the 3D surround view with next-generation cameras and automotive electronic control units. Driver assistance technology is mainly installed in high-end models. Now, it will be available starting with the model year 2022 and expanding across multiple customers and vehicle platforms.
  • In January 2021, Panasonic, plans to integrate its latest advances in optics, volume optimization, and imaging technology with A.I. from its SPYDR domain controller. Further, this renders near-filed and far-field content for vehicle information, object and pedestrian detection, and mapping for a more seamless experience for the driver.

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Key Segments

By Product Type:

  • Gasoline ECU
  • Diesel ECU
  • Natural Gas ECU

By Vehicle Type:

  • Passenger Vehicle
  • Light Commercial Vehicle
  • Heavy Vehicle

By Sales Channel:

  • OEM
  • Aftermarket

By Region:

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Automotive Brake System & Components Market to be worth US$ 105,131.2 Million by 2032

The global automotive brake system & components market is expected to showcase opulent growth over the forecast period from 2022 to 2032 by generating a stable CAGR of 4.7%. The global market is estimated to be valued at US$ 66,414.8 Million in 2022 and is expected to reach a valuation of US$ 105,131.2 Million by 2032.

According to historical data, the automotive brake system and component market grew at a sluggish rate of 1.0% CAGR from 2017 to 2021, however over time, the industry experienced amazing growth, and the CAGR reached 4.7% in the forecast period. (2022 to 2032).

Key Takeaways

  • The automotive braking system and its components, which are important for vehicle safety, are thought to be essential parts that can help slow down or stop a moving vehicle. Therefore, it is anticipated that the expansion of the automotive industry will bring about favourable chances for the businesses operating in the automotive brake system & components market. Furthermore, the market for car brake systems & components would expand as a result of the expanding vehicle parc.

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  • The use of electronic braking systems, such as electronic brake force distribution (EBD), brake assist, and anti-lock brake systems (ABS), aids in stopping. ABS aids in stopping when brakes are applied firmly by allowing vehicle stability and directional control. One of the main advantages of ABS over conventional stopping systems is this. According to the Royal Society for the Prevention of Accidents, ABS guarantees that a car can halt in the shortest amount of time. (ROSPA).
  • BA is often utilized in conjunction with ABS and is largely dependent on the vehicle’s ABS technology. BA consumes approximately 45% aiding in the reduction in stopping distance. Owing to this, regulatory standards for vehicle safety are likely to lead to increasing deployment of ABS and BA in the upcoming decade.
  • EBD, which functions as an extension of the ABS, is the head of applying a similar amount of force to each wheel. There are several benefits to EBD such as increased stability, shorter stopping distances, better grip on the road, and increased braking effectiveness. Owing to these benefits, developing nations like India and Mexico have declared their aim to use electronic stability control (ESC) and enhanced braking systems (EBD) in their newest automobiles.
  • Attributing to the rising sales of SUVs, luxury, and sports models, customers have not just limited their search to performance, but they also want their vehicles to be equipped with advanced technologies to ensure the safety of passengers while driving. Searching demand for safety systems in luxury cars is driving sales of passenger car in the global automotive brake system & components market.

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The increasing number of government activities in various nations to draw motorists’ attention to vehicle safety is blamed for this year’s year-over-year growth. Governmental organisations are either encouraging safety-related awareness or implementing strict legislation.

The market for automotive braking systems and components is growing as a result of widespread acceptance of luxury hybrid vehicles, strict enforcement of safety rules, and rising use of disc brakes in commercial vehicles. About 12 to 15% of the world market for automotive parts and components comes from the automotive braking system and component sector.

Competitive Landscape

In recent years, there has been a surging number of acquisitions and growth efforts in order to surge the supply of automotive brake systems & components. Several leading forms in the market are also working on technological developments. Contracts & agreements, new product development, and partnerships are some of the vital strategies adopted by renowned firms to maintain their market positions.

Moreover, ongoing research & development (R&D) activities focusing on introducing new technologies, along with the involvement of market participants in the launch of new & improved systems are some of the other factors fueling the automotive brake system & components market expansion. In addition to that, there is growing popularity witnessed in electrical vehicles, and accelerated demand for autonomous vehicles is expected to push the sales further.

Key Companies Profiled

Continental AG, ZF Friedrichshafen AG, Delphi Automotive PLC, Valeo S.A, Federal-Mogul Holdings Corporation, Nissin Kogyo Co. Ltd, Hitachi Astemo, Ltd., Akebono Brake Industry Co Ltd., Magneti Marelli S.p.A, Mando Corporation, Brembo S.p.A.

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Key Segments Covered in Automotive Brake System & Components Market Analysis

By Sales Channel:

  • OEM
    • Drum Brake
    • Disc Brake
  • Aftermarket
    • Brake Booster
    • Master Cylinder
    • Drum Brake
      • Drum
      • Brake Shoe
      • Wheel Cylinder
    • Disc Brake
      • Rotor
      • Caliper
      • Brake Pad

By Vehicle Type:

  • Passenger Car
  • LCV
  • HCV

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia and Pacific
  • Middle East & Africa

More Insights into the Automotive Brake System & Components Market

According to FMI analysis, the U.S. automotive brake system & components market is predicted to surpass a valuation of US$ 12,751.6 Mn by the end of 2022. The U.S. is expected to dominate the market owing to the surge in the large number of passenger cars and commercial vehicles in the country.

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

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T: +1-845-579-5705
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EV Charging Station Market Demand to cross US$ 113,889.1 Million by the year 2033

The global EV charging station market demand is projected to have a high-paced CAGR of 26.6% during the forecast period. The current valuation of the EV charging station market is US$ 10,768.2 Million in 2023. The value of the EV charging station market is anticipated to reach a high of US$ 113,889.1 Million by the year 2033.

Restrictive pollution and fuel economy rules, government incentives, and an increase in the number of electric car sales are all factors driving the demand for EV charging stations. Advancements in technology and software for electric vehicle charging are predicted to change how EV owners use and benefit from these services.

Smart car API and charging networks, for instance, accurately determine an electric vehicle’s charge time before the driver plugs the car into a station. Green energy is also projected to play an important role in both public and household electric vehicle charging locations. For owners of EVs, carbon emissions are a major concern.

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To address these problems, businesses are rapidly improving the charging technology of their electric vehicle charging stations. When opposed to residential areas, commercial spaces have a much higher market penetration of EV charging equipment. The number of corporate charging stations is expected to expand in tandem with the increasing popularity of electric vehicles. Efforts to improve charging infrastructure in commercial areas would be critical in increasing EV adoption, as overnight charging at residential complexes or individual residences would not be adequate for long-distance travel.

Furthermore, public charging infrastructure would permit the ultra-fast charging capabilities required for long-distance travel. EV chargers for home areas, on the other hand, have substantial development potential since they provide a cheaper and more convenient means of charging electric vehicles than commercial charging stations.

Electric vehicle manufacturers are partnering with car rental companies to integrate chargers into current infrastructure. For example, one market player recently announced a collaboration with Green Motion, a vehicle rental service provider, to supply integrated chargers inside buildings with energy storage.

Various automakers are investing in the development of Car2X technology for charging infrastructure, which is fueling expansion even further. Several initiatives have been launched in France, India, the Netherlands, and Canada to increase the adoption of EV charging stations.

EVs are anticipated to attract major attention as governments around the world focus on emerging from the epidemic with a stronger and more resilient economy. In the United States, for example, California is emerging with aggressive electric car objectives, which are projected to have a favourable influence post-pandemic and enhance the global EV charging station market growth.

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However, the high initial cost of Level 3 fast chargers and ultra-fast chargers, on the other hand, is the biggest impediment to the growth of the EV charging station market. People prefer to drive fossil-fuel vehicles for 5-7 minutes, but level 1 and level 2 chargers might take anything from 6 to 16 hours to charge completely. As a result, there is a market need for faster chargers that can charge EVs in less than 30 minutes.

Key Takeaways:

  • During the forecast period, the U.K. is estimated to account for a significant share of the global EV charging station market. This is attributed to the government adopting the Automated and Electric Vehicles (AEV) Act. It gives the government enormous power to hasten the installation of EVCI in gas stations and on roads.
  • The EV charging station market in Asia Pacific is predicted to hold the largest share, particularly in China and India, during the projected period. This is owing to key companies offering full end-to-end services ranging from captive charger installation to maintenance. Collaboration between various OEMs, automotive manufacturers, and charging infrastructure providers is also propelling the market growth.
  • As they are more cost-effective to the providers, the “public charging” application type, accounts for a significant share and is the most innovative area for key players.

Competitive Landscape:

Industry participants participate in a flood of focused product launches and global expansion to boost the brand and money. In order to expand their consumer base and strengthen their position, they are also expanding their reach across several continents and entering new markets, particularly in emerging economies. Industry participants are offering new creative products to the market as a result of increased carbon emissions and the development of electric and hybrid vehicle technology. These factors are projected to drive the global EV charging station market growth.

Key Players:

ABB Ltd., ChargePoint Inc., EVgo Services LLC, Schneider Electric, Blink Charging Co., Toshiba Corporation, Mojo Mobility Inc., General Electric, Robert Bosch GmbH, Chargemaster plc, Siemens AG, Denso Corporation, Tesla Inc., Infineon Technologies AG, Qualcomm Technologies Inc.

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Recent Developments:

  • In 2015, ChargePoint Inc., Volkswagen Group, and BMW AG announced plans to construct 100 DC fast chargers on the United States’ West and East coasts. Some companies favor a merger and acquisition strategy to increase their market share.
  • In 2018, BP Plc announced the acquisition of Chargemaster Plc, a prominent producer of EV chargers in the United Kingdom. Following the acquisition, ChargemasterPlc was renamed BP Charge master.

Key Segments Profiled in the EV Charging Station Market Survey

By Level of Charging:

  • Level 1
  • Level 2
  • Level 3

By Charging Station:

  • AC Charging
  • DC Charging
  • Wireless Charging

By Supplier Type:

  • OE Charging Station
  • Private Charging Station

By Vehicle Type:

  • Passenger Cars
  • Battery Electric Vehicle (BEV)
  • Plug-in Hybrid Vehicle (PHEV)
  • Heavy Commercial Vehicles
  • Light Commercial Vehicles
  • Two-wheelers & Scooters

By Installation Type:

  • Portable
  • Fixed
  • Residential
  • Commercial

By Application:

  • Private
  • Public

By End User:

  • Commercial Charging Stations (Private/Public)
  • Residential Charging Stations

About Future Market Insights (FMI) 

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact:

Future Market Insights, Inc.
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T: +1-845-579-5705
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Flatware Market is Anticipated to Reach a Valuation of US$ 16.4 Billion in 2033- Exclusive Report by Future Market Insights, Inc.

The global flatware market is expected to be worth US$ 10.5 Billion in 2023. Demand in the market is expected to reach US$ 16.4 Billion by 2033, registering an 4.5% CAGR over the forecast period (2023-2033).

The flatware industry has changed over time as it improves both the kitchen’s appearance and the dining experience. The demand for flatware is expected to remain strong in the global flatware market, which is anticipated to experience steady growth over the coming year. Flatware is a necessary component of tableware.

The hospitality industry’s strong growth, changing lifestyles, increased willingness to spend on luxury flatware, and rising product visibility across multiple retail locations and online marketplaces are all driving the flatware market’s expansion.

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Flatware Market – Key Trends

Leading manufacturers in the global flatware market are witnessing the rising popularity of stainless steel flatware due to the associated health benefits. Manufacturers are focusing on offering the best every day and luxury flatware set, designed as per the preferences of the consumers. For instance, Cambridge Silversmiths have launched Julie satin flatware all-purpose lightweight flatware that has a classic silhouette with clean lines.

Sales of flatware are also substantially influenced by consumer’s preference towards European or American Style flatware. Traditional ways of shopping and price difference in local retail outlets and online platforms are substantially driving the flatware market growth. An extensive range of flatware has mushroomed on online stores in recent years.

Growing internet penetration in rural areas, quicker and trusted delivery by several online portals, and replacement possibilities are further driving the segment. Additionally, millennials and Gen Zers cohort with hectic schedules opt to purchase online instead of offline because of easy access and doorstep delivery.

Flatware Market – Growth Restraints

The environmental threat on account of inappropriate disposal of plastics is a major concern for the government and several agencies. This is estimated to arise as the most prominent market constraint. Additionally, increasing raw material costs might hinder market growth over the assessment period.

COVID-19 Impact on Flatware Market

COVID-19 pandemic has led towards nation-wide lockdowns and the shutdown of the majority of retail stores across nations affected sales of flatware. The crisis, however, has escalated sales of flatware via e-commerce distribution channels.

Regional or local players who were yet to enter the online ecosystem are facing the forceful switch to e-commerce distribution channels. Sales through e-commerce channels will help to keep the flatware industry afloat as consumers are increasingly avoiding in-store purchases. Such factors are projected to bring the flatware market back on track in the coming months.

Flatware Market – Region-wise Analysis

Europe is anticipated to gain market prominence in the global market due to its higher adoption, particularly in Western European nations such as France, Italy, and Germany. Over the years to come, the regional growth is projected to be fueled by the unsaturated Eastern European region. Additionally, increased usage of a different kind of flatware is boosting sales in the region.

Asian regions are anticipated to witness rapid growth due to increased implementation of cutlery in nations such as China, which accounts for the majority of the market share in the region. North America will be the second biggest region in the global flatware market in terms of market share due to the rising spending power of consumers.

Flatware Market – Competitive Analysis

Some of the prominent companies identified in the global flatware market are John Boos & Co., BergHOFF, Picnic Time, Inc., KYOCERA International, Inc. Melange, and Picnic at Ascot. The market is moreover fueled by design innovation, joint ventures, and mergers and acquisitions. For instance,

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Italian Flatware maker Merpa took over Punto Soave an artisan-based tabletop manufacturer. The acquisition will help the company to upgrade its design by using Punto Soave’s proficiency in wood, glass, porcelain, and ceramic, and not limiting itself to PVD and metal.

WNA (Waddington North America) launched Reflections Renew, an assembling of silver-look knives, forks, and spoons with PCR (post-consumer resin). The manufacturer is producing metalized plastic cutlery with 20% recycled PS. Arbor Investments acquired Steelite International a manufacturer of melamine, flatware, glassware, dinnerware, buffet ware, and accessories. The acquisition will help accelerate growth through an increase in market presence.

Global Flatware Market: Key Players (this is an indicative list – full list of key players available upon request)

  • Big Tree Furniture & Industries, Inc.
  • WorldKitchen, LLC
  • Ginsu
  • Zwilling J.A.
  • Henckels
  • Hampton Forge
  • KitchenAid
  • Safavieh LLC

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Flatware Market – Market Segmentation

By Product Type

  • Plastic
  • Stainless Steel
  • Silver
  • Gold

By Distribution Channel

  • Online
  • Offline

By Application

  • Public Consumption Restaurant
  • High-end Restaurant

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Cutlery Market is Likely to Reach US$ 10.0 Billion by 2023, up from US$ 20.3 Billion in 2033 – Report by Future Market Insights, Inc.

The global cutlery market is expected to be worth US$ 10.0 Billion in 2023. Demand in the market is expected to reach US$ 20.3 Billion by 2033, registering an 6.4% CAGR over the forecast period (2023-2033).

The cutlery is utilized to prepare, serve, and eat food. As such, cutlery comes under the homewares segment and its two sub-categories: cooking (for kitchen knives and utensils) and dining (for the flatware).

The increasing preference for fine dining and the growing popularity of casual dining is anticipated to grow in the future and thus boost the cutlery market’s growth. Additionally, there is growing popularity of professional cooking at home which requires specialized cutlery, this is projected to be one of the prominent factors for the growth of the global cutlery market throughout the forecast period.

Cutlery Market – Key Trends

Changing eating propensities, such as casual dining and social dining are majorly impacting the cutlery usage. Increased urbanization, the modern consumer’s requirement for instant gratification, zeal not to miss out on anything, being online 24/7 and multi-tasking has caused the growth of casual dining.

It also fuels the demand for hybrid and disposable cutlery, joining the functionality of multiple eating utensils, for instance, the spife (spoon/knife), spork (spoon/fork), knork (knife/fork) and the sporf that combines all three. Moreover, due to the sustainability trend, the disposable hybrid cutlery is prepared for eco-friendly, biodegradable, natural, or recycled material. This generates prospects for manufacturing cutlery made of starch or bamboo, for instance.

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Amaji , Vietnam has successfully tapped into these trends and manufactures wooden cutlery and bamboo straws inspired by nature. The company takes accountability for protecting the surroundings and has set goals to only manufacture and sell sustainable and eco-friendly products.

Several other opportunities exist in the cutlery market such as edible cutlery, which could be consumed like regular food will open new avenues in the market. With edible cutlery, the threat of pollution due to the plastic cutlery disposal is also minimized. Other trends in the cutlery market that tends to offer prospects include brand loyalty, handmade products, and individualization.

Cutlery Market – Growth Restraints

The threat to the surroundings on account of inappropriate disposal of plastics is anticipated to come out as the most prominent market restraint. Expensive cutlery set as a result of fluctuating raw material prices is additionally projected to hinder the cutlery market growth throughout the forecast period.

COVID-19 Impact on Cutlery Market

The growing need for disposable cutlery is witnessed amid the COVID-19 pandemic, particularly in the hospitality and healthcare sectors. Pre-COVID-19, sustainability was at the forefront of companies’ policies as they encountered criticism over the ecological impact of single-use or disposable cutlery.

While various researches claim to keep the virus spread via this disposable cutlery instead of sustainable packaging. Healthcare agencies such as WHO also recommending, for now, to utilize them, to prevent spreading the infection. This, in turn, is anticipated to boost the plastic cutlery market.

Cutlery Market – Region-wise Analysis

Imports of cutlery in the European region are significant and growing. With manufacturing in Europe shifting to Asian nations, mainly to Vietnam and China, European cutlery imports from emerging nations are very prominent. This had secured the future market growth of cutlery throughout the forecast period.

Asian nations are anticipated to come out as the fastest expanding market. This is because of increased acceptance of cutlery in nations such as China, which accounts for prominent market share in the region. North America is anticipated to follow Europe on the basis of market share.

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Cutlery Market – Competitive Analysis

  • John Boos & Co.
  • BergHOFF
  • Picnic Time, Inc.
  • KYOCERA International, Inc.
  • Melange
  • Picnic at Ascot
  • Big Tree Furniture & Industries, Inc.
  • Ginsu
  • WorldKitchen LLC
  • Zwilling J.A. Hampton Forge
  • Henckels
  • Safavieh LLC
  • KitchenAid.

The cutlery market is marked by the existence of a huge number of both large and small firms. The sector is additionally marked by the rise in R&D concerning the processes and materials.

Anchor Packaging Inc. launched Culinary Classics, a novel product line for disposable cutlery, which incorporates redesigned products that are available with a hinged and perforated lid. This product line is reusable and recyclable. Mede Cutlery Company produces edible cutlery in attractive colors as well as new flavors of purple potato, corn, and sesame.

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Understanding the Demand for High Carbon Bearing Steel in Various Industries: Emerging Trends and Opportunities

In 2022, the value of the world market for high carbon bearing steel was estimated to be around US$139.6 billion. Also, due to the increasing demand for highly effective and lightweight bearings in sectors such as automotive, construction, and marine, global demand of high carbon bearing steel are expected to increase at a strong CAGR of 6.9% from 2022 to 2032, reaching close to US$ 269 billion by that year.

Bearing as an equipment is an integral part of numerous industries to achieve optimum and efficient results. Selecting the material during the bearing fabrication is one of the key factors that helps to decide the degree of performance of the bearing.

High carbon bearing steel as a material is witnessing increased adoption & attraction in bearing manufacturing. Numerous attributes of high carbon bearing steel such as high load bearing capacity and extensive temperature range of operation are expected to fuel the growth of the global market.

High carbon bearing steel enables high level of efficacy in bearings, which further results in the reduction of resistance and increases the mobility or functioning of the component, and further assists in efficient working of the machineries.

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High Carbon Bearing Steel Market: Dynamics

The high carbon bearing steel is experiencing significant demand from the past few years, which is expected to drive the growth of the high carbon bearing steel market during the forecast period. There are numerous factors that implicit the increased sales volume of high carbon bearing steels such as their better high load bearing capacity & ability working efficiently at elevated temperatures.

Due to the abovementioned properties, high carbon bearing steel is turning over as a choice of material for the fabrication of bearings, thus creating substantial sales revenue in the global market. Expansion of the automotive, manufacturing and chemical industries is creating substantial growth opportunities for the suppliers of high carbon bearing steel.

Several bearing manufacturers are implementing new business models as a part of their enterprise strategy, these manufacturers are doing backward integration and establishing their in-house capabilities for high carbon bearing steel processing, which enables quick turnaround time in the whole supple chain of high carbon bearing steel market.

However, volatile raw material prices and requirement of high capital for the processing of high carbon bearing steel are factors expected to negatively impact the growth of the overall market.

High Carbon Bearing Steel Market: Regional Trends

Low manufacturing cost for the fabrication of bearing in China is expected to create substantial growth opportunities for the manufacturers, and is expected to drive the growth of the market. South East Asia Pacific is on the same track as of China in terms of growth as the region is involved in large production of bearings.

Western Europe has substantial production capacity of bearings, which is expected to fuel the growth of the high carbon bearing steel market in the region. With growing automotive and marine industries in North America, the region is expected to hold significant share in the global high carbon bearing steel market. Latin America, Eastern Europe & MEA are considered as the low volume–high growth markets.

Examples of some of the market participants in the global high carbon bearing steel market identified across the value chain include:

  • OVAKO
  • Sanyo Special Steel
  • CITIC Special Steel Group
  • Dongbei Special Steel
  • Juneng
  • Nanjing Iron & Steel United Co., Ltd.
  • JIYUAN Iron &Steel

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Key Segments Profiled in the High Carbon Bearing Steel Industry Survey

By Product Type:

  • High Carbon Chromium Bearing Steel
  • High Carbon Stainless Bearing Steel

By Application:

  • Deep Groove Ball Bearing
  • Cylindrical Roller Bearing
  • Spherical Roller Bearing
  • Angular Contact Ball Bearing
  • Tapered Roller Bearing
  • Thrust Ball Bearing
  • Thrust Spherical Roller Bearing

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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An Overview of the Global Disinfectant Chemicals Market: Trends and Forecasts

The global disinfectant chemicals market stands at US$ 2.5 Bn as of now and is expected to reach US$ 4 Bn by the year 2032 at a CAGR of 5% between 2022 and 2032.

Disinfectant chemicals are gaining popularity due to the capacity to neutralize, regulate, or eradicate germs found on the inanimate objects or surfaces. As an outcome, research and diagnostic laboratories, hospitals, clinics, and hospitals demand these items in greater proportion. The usage has almost doubled after the outbreak of Covid-19. Also, the end-consumers have turned out to be all the more cautious regarding food- and water-borne infections caused through various viruses, bacteria, and parasites like salmonella, norovirus, cholera, and likewise.

The ongoing trend is that of several start-ups coming up with alternatives to conventional chemical-based decontaminants that could be capable of cleaning microcavities as well. Vaporized hydrogen peroxide and aerosol are being looked upon as such alternatives. The recent ‘no-touch’ (automatic) decontamination techniques include pulsed-xenon UV light system, continuous generation of UV-C light, and high-intensity narrow-spectrum (405 nm) light. For example – Indra Water (India), which is highly experienced in handling even heavily contaminated wastewater, did upgrade their technology for building and creating VAJRA system to disinfect spaces as well as equipment for preventing infection through Covid-19.

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At the same time, it needs to be noted that chemical disinfectants broadly used in poultry facilities, healthcare facilities, hospitals, food product manufacturing plants, abattoirs, sanitary services for killing germs causing diseases could have flammable and explosive properties aplenty. Various disinfectants are likely to react aggressively with various unrelated compounds and emit poisonous gases that could put the lives of employees in danger.

There are numerous ways through which chemical disinfectants could enter human body – inhalation, ingestion, and absorption through mucous membranes or skin. Also, extensive usage of hand sanitizers could cause irritation to the skin due to presence of chemicals like chlorhexidine, alcohol, triclosan, and chloroxylenol. Plus, chemicals such as sodium hypochlorite, on close contact with environment and humans, could prove to be detrimental in the long run. These factors may restrain the disinfectant chemicals market in the forecast period. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Disinfectant Chemicals Market’. The team of consultants and analysts is there to work upon macros and micros herein.

“With increasing applications of disinfectant chemicals in food & beverages’ processing, healthcare, plastic, and textile industries, the global disinfectant chemicals market is bound to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.

Key Takeaways from Disinfectant Chemicals Market

  • North America holds the largest market share. This could be attributed to increasing awareness regarding personal hygiene & health, cleanliness, rise in spending on healthcare, well-established healthcare infrastructure, and initiatives by governments of the US and Canada.
  • Europe stands second on this count with government entities pushing for usage of disinfectant chemicals all over.
  • Coming to the Asia-Pacific, countries like India and China are expected to rule the roost in the forecast period. This could be credited to a greater percentage of population contracting ventilator-associated pneumonia, central line-associated bloodstream infections, catheter-associated urinary tract infections, surgical site infection, and likewise.
  • In MEA, call for effective sanitization is expected to bring about a drastic change in disinfectant chemicals market.

Competitive Chemicals

  • DuPont Electronics & Imaging, in June 2019, did announce 3 novel chemistries for extending support to advanced semiconductor fabrication – DuPont EKC 590 CuSolve remover, EKC PCMP3210 cleaner, and EKC PCMP2110 cleaner.
  • Diversey Holdings, Ltd., in December 2021, completed acquisition of Birko Corporation along with its subsidiary ‘Chad Equipment LLC’. The basic purpose was to strengthen the foothold all across Canada and the US.

Some of the key participants present in the global demand of the disinfectant chemicals market include DuPont, 3M, ABC Compounding Co., Inc., and Cardinal Health, Inc., among others.

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Key Segments Covered in the Disinfectant Chemicals Market Report

Type:

  • Liquids
  • Sprays
  • Wipes
  • Others

End User:

  • Hospitals
  • Households
  • Food & Beverages
  • Others

Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa

What does the Report discover?

  • The research study is based on type (liquids, sprays, wipes, and others) and by end-user (hospitals, households, food & beverages, and likewise).
  • With disinfection of surroundings being made compulsory, the global disinfectant chemicals market is bound to witness grandeur in the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Slow Cooker and Sous Vide Market is Projected to Reach at a US$ 13.07 billion in 2033 | FMI

The slow cooker and sous vide market is projected  to reach a valuation of US$ 7.65 billion in 2023 and is anticipated to exhibit a compound annual growth rate (CAGR) of 5.5% from 2023 to 2033 and reach US$ 13.07 billion in 2033.

The global slow cooker segment has witnessed an increment sales of the products over the years on the back of transforming preference of consumers in the preparation of freshly cooked meals and an increase in the number of working women’s,. Rising demand for slow-cooked food is one of the key growth drivers in the market. Due to the long, low-temperature cooking, slow cookers help tenderize less costly meat cuts. A slow cooker brings out the food flavor.

A wide range of foods, including one-pot meals, soups, stews, and casseroles, can be prepared in a slow cooker. Furthermore, benefits such as energy efficiency and time efficiency would also drive demand for slow cookers and sous vide, which will subsequently fuel global market growth.

Sous vide is experiencing steady growth over the past few years owing to their growing adoption among the population. Sous vide is the type of cooking where the food is sealed in a glass jar or plastic pouch and is placed in a steam atmosphere or water bath for longer than usual periods.

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Changing Consumer Lifestyle Fuelling the growth of Global Slow Cooker and Sous Vide Market

The sous vide machine’s purpose is to cook the food correctly, avoid overcooking, and preserve the moisture. Changing lifestyles among customers.

Also, increasing working women’s population has led to an increase in demand for sous vide machines and slow cooker. Employed women are given little time to cook. They are therefore opting for a slow cooker and sous vide machines which will help them cook the food faster than traditional cooking.

The growing female workforce has also led to increased demand for a slow cooker and sous vide machines.Women are likely to cook food which requires less time than the traditional method of cooking.

However, the rising price of a slow cooker and sous vide machines is limiting the global demand for a slow cooker and sous vide market.The portability of slow cookers is among the latest developments that will gain momentum in the slow cooker industry over the forecast period.

The portable crock feature reduces the weight of slow cookers, enabling users to switch the cookers without too much trouble from one position to the other, and increases the quotient of comfort. Additionally, features such as locking mechanism and rubber seals added, which keeping the lid securely locked onto the crock for spill-free slow cooker transport will also boost slow cooker sales.

Slow Cooker and Sous Vide Market: Key Players

Key players involved in the slow cooker and sous vide industry are high concentrating on ongoing research and development to develop new products to meet the changing tastes and preferences of consumers. The temperature setting is lower than the cooking temperature usually around 55 degrees centigrade.

Manufacturers are focusing on creating low-cost goods that provide successful revenue boost solutions for emerging regions including Asia Pacific, Latin America and capture a larger portion of market share.

  • ChefSteps
  • Hamilton Beach Brands
  • Gourmia
  • Focus Products Group International
  • Fagor America
  • SharkNinja
  • Oliso
  • Tefal
  • Sous Vide Supreme
  • Anova
  • Morphy Richards
  • PolyScience Culinary

are some of the main players involved in the global slow cooker and sous vide machine industry.

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Slow Cooker and Sous Vide Market: Regional Analysis

Owing to the growing adoption rate of these machines followed by Europe, North America, which comprises the Canada and U.S. dominated the global slow cooker and sous vide. Asia Pacific, including China, India, Australia, is expected to show the highest growth rate in the forecast period due to the growing number of hotels and restaurants in the area.

The research report presents a comprehensive assessment of the slow cooker and sous vide market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as product function type, Sous vide type, application, distribution channel & region

The report covers exhaustive analysis on

  • Slow Cooker and Sous Vide market Segment
  • Slow Cooker and Sous Vide market Dynamics
  • Slow Cooker and Sous Vide market Size
  • Slow Cooker and Sous Vide Supply and Demand
  • Current Trends/Issues/Challenges pertaining to slow cooker and sous vide market
  • Competition Landscape and Emerging Market Participants slow cooker and sous vide market
  • Technology related to Production/Processing of slow cooker and sous vide
  • Value Chain Analysis of the slow cooker and sous vide market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Slow Cooker and Sous Vide: Market Segmentation

Basis of Product Function

  • Automatic
  • Manual

Basis of Sous Vide Type

  • Ovens
  • Immersion circulators

Basis of Application

  • Commercial
  • Household

Basis of Distribution Channel

  • Hypermarket/Supermarket
  • Retail Stores
  • Specialty Stores
  • Online Stores
  • Other Retail Formats.

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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Allantoin Extract for Skincare Products Market is Projected to Reach at a US$ 1,127.88 million in 2033 | FMI

The allantoin extract for skincare products market is anticipated to expand to a notable valuation of US$ 726.27 million in 2023 and is poised to exhibit a compound annual growth rate (CAGR) of 4.5% from 2023 to 2033 and reach US$ 1,127.88 million in 2033.

The hectic schedule and lifestyle, Grooming has become the key components in the life of men and women and thus the personal care products like shampoos, toothpaste, conditioners and mouthwash from the Allantoin extracts for skincare are in demand. The Allantoin extract for skincare products helps in removing of dead skins and increase the water content of skin.

The Allantoin extract for skincare products have the soothing and healing properties from centuries and it has been used widely. The consumption of the Allantoin Extract for skincare products is increased due to the awareness spread in care of damaged skin from pollution and UV rays.

Allantoin Extract for skincare products is helping people in nourishing and moisturizing the skin. The cosmetic industry is booming by selling products in the name of allantoin extract for skin repair and anti-aging.

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Reason for covering Allantoin Extract for Skincare Products Market

Globalization and growth in the demand of the cosmetic products has also increased in the demand of the allantoin extract for skincare products. Allantoin extract for skincare products are highly driven by cosmetic industry showcasing anti-aging properties. Urbanization and change in the lifestyle of the consumers has increased the consumption of allantoin extract for skin care to protect them from pollution and damaged skin.

Increasing consumer’s personnel wellbeing the cosmetic industry booming and spreading awareness about allantoin extract for skincare products. The key drivers in the allantoin extract for skincare products are the cell regnerations which helps in skin treatments. The major restrain could be the side effect caused to skin by the excess usage of skincare products.

Global Allantoin Extract for Skincare Products: Regional outlook

The Allantoin Extract for Skincare Products are having a significant growth across the regions during the forecast period. The Allantoin extract for skincare products is classified into seven key areas; North America, Europe, Latin America, East Asia, South Asia, Oceania, and the Middle East & Africa. The North American market is the potential user of the Allantoin Extract for Skincare Products.

The product awareness in the North America is growing rapidly and the concern of consumer towards the personnel care also. Asia Pacific including China, Japan and India is growing as the population is concerned and aware on the personnel grooming and wellbeing.

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The Middle Eastern region is constantly increasing on the Allantoin Extract for Skincare Products as the spending of consumers on the cosmetic products are high.

The pharmaceutical and cosmetic industry is having a influence on the Allantoin Extract for Skincare Products. The use of Allantoin extract for skincare products is banned in the regions of Australia, Europe and U.S. which is having a negative impact on the market.

Regions and Countries Analyzed in the Report

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Rest of LATAM)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

Global allantoin extract for skincare products; Key developments

  • In 2018, November Lavi Labs launched the all-in-one product treatment.
  • In 2017, March the Sisly Paris launched the body cream which is a revised version of white ginger oil.

Global allantoin extract for skincare products: Key Players

The top key plyers in the allantoin extract for skincare products market are –

  • Derma E scar gel
  • AlphaRet
  • Therapeutic Shave Gel
  • Dr. Barbara Strum
  • Simple
  • First Aid Beauty and Embryolisse..

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

  • An overview of the market, including background and evolution
  • Macroeconomic factors affecting the market and its potential
  • Market dynamics, such as drivers, challenges and trends
  • Detailed value chain analysis of the market
  • Cost structure of the products and segments covered in the study
  • In-depth pricing analysis, by key product segments, regions and by major market participants

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Global Allantoin Extract for Skincare Products Market

On the Basis of End User

  • Male
  • Female

On the Basis of Product Type

  • Shampoo
  • Conditioners
  • Mouthwash
  • Creams

On the Basis of Product Use

  • Acne treatment
  • Ant-aging treatment
  • After-Sun treatment
  • Anti-fungal Treatment
  • Eye Creams

On the Basis of Application Type

  • Cosmetic
  • Pharmaceutical
  • Oral

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About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
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For Sales Enquiries: sales@futuremarketinsights.com